Quote from: LoyceV on July 31, 2021, 09:31:02 AM

Quote from: pbateman1 on July 30, 2021, 09:13:17 PM

Quote from: LoyceV on July 30, 2021, 04:55:03 PM

Quote from: pbateman1 on July 30, 2021, 06:08:00 AM

no KYC (under 99.99% of circumstances)

I've seen this go wrong on so many sites. Will you at least publish what triggers the remaining 0.01%?

Think a Binance (2019) or KuCoin hack scenario. If any coins that we know are stolen come onto our platform, we will return them to their owner.

This is tricky! First of all, it's something completely different than what you just said (asking for KYC). But worse, fungibility is the basis of any currency:

Quote from: Adam Back

if notes could be returned to their original owner after a theft, it would damage confidence in currency and it would be bad for business, the currency would become unusable because every time you received the paper note you would have to look in the newspaper whether it was reported stolen

And you'll have to trust Binance or KuCoin to speak the truth. I prefer the mantra "don't trust, verify".

There's another problem: if you're anonymous, what are you going to do with KYC information? How are you going to store it, and how can you prove you follow privacy laws? You can't demand customers to identify themselves while you're anonymous. And if you wouldn't be anonymous, you couldn't offer this service without KYC.

You forgot one closing quote tag in your post:

Code:

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This messed up the rest of your post.

We are talking about super extreme scenarios here. There will be no KYC, thus we will not have a place to store it. I don't care if you run 100BTC 100x through my site, we won't stop you. Ever.